On May 27th, CITIC Securities reported that Nvidia recently released its financial report for the first quarter of the 2025 fiscal year, achieving a revenue of $26 billion, a year-on-year increase of 262% and a month on month increase of 18%. The company expects a revenue of $28 billion (a year-on-year increase of 107%) in the second quarter of the 2025 fiscal year, with a fluctuation of 2%, exceeding market expectations. The Blackwell series is expected to start shipping in the second quarter of fiscal year 2025, with an increase in volume in the third quarter. It is expected to generate a large amount of revenue this year, dispelling market concerns about demand disruptions caused by customers switching from H to B. Networking revenue increased by 242% year-on-year, with network revenue growth rate lower than calculated revenue growth rate, mainly due to supply chain shortages. The company began shipping SpectramX Ethernet network solutions in the first quarter, and it is expected that SpectramX will leap into a multi billion dollar product line within one year. This is worth noting as overseas cloud manufacturers develop their own chip clusters or adopt Ethernet on a large scale. The increase in Ethernet product penetration rate is worth noting. Continuously strongly recommend the computing power sector, including optical modules, switches, and servers.